23. jan. 2010

Hvordan bli en bedre investor?

Jon Mjølhus fra Formuesforvaltning hadde i Dagens Næringsliv i fjor et interessant innlegg om temaet deliberate practice. Grunnlaget for innlegget var boken Outliers av Malcolm Gladwell som i all hovedsak går på at fremragende prestasjoner ikke er et resultat av gener eller talent men av korrekt og målrettet trening over lengre tid. Faktisk viser det seg at 10,000 timer i snitt er hva som skal til for å bli en mester i sin respektive sjanger. Det store poenget er at treningen er målrettet og tilfredsstiller følgende kriterier (hentet fra Street Capitalist):

1. It’s designed to improve performance. “The essence of deliberate practice is continually stretching an individual just beyond his or her current abilities. That may sound obvious, but most of us don’t do it in the activities we think of as practice.”

2. It’s repeated a lot. “High repetition is the most important difference between deliberate practice of a task and performing the task for real, when it counts.”

3. Feedback on results is continuously available. “You may think that your rehearsal of a job interview was flawless, but your opinion isn’t what counts.”

4. It’s highly demanding mentally. “Deliberate practice is above all an effort of focus and concentration. That is what makes it ‘deliberate,’ as distinct from the mindless playing of scales or hitting of tennis balls that most people engage in.”

5. It’s hard. “Doing things we know how to do well is enjoyable, and that’s exactly the opposite of what deliberate practice demands.”

6. It requires (good) goals. “The best performers set goals that are not about the outcome but rather about the process of reaching the outcome.”

Les disse artiklene for mer kunnskap om deliberate practice:

- Deliberate practice: Becoming a Better Investor
- What it takes to be great
- The Making of an Expert
- Are You an Expert?
- Malcolm Gladwell on Charlie Rose

Denne presentasjonen oppsummerer det bra og ser deliberate practice i lys av en investeringskontekst: